First Horizon National Corporation (NYSE:FHN) will begin trading ex-dividend on September 10, 2020. The quarterly dividend payment of $ 0.15 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 6.34 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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First Horizon National Corporation recently reported second quarter financial results on July 17, 2020, before market open, bank holding company outlined income for the second quarter of $ 0.20 per share, from the revenue of $ 511.61 million. The quarterly earnings declined 52.38 percent while revenues grew 16.09 percent compared with the same quarter last year.
Wall street analysts are predicting, FHN to report 2Q20 income of $ 0.14 per share from revenue of $ 487.82 million. The bottom line results beat street analysts by $ 0.06 or 42.86 percent, at the same time, top line results outshined analysts by $ 23.79 million or 4.88 percent.
Stock Performance
Shares of First Horizon National Corporation traded low $ -0.50 or -5.02 percent on Tuesday, reaching $ 9.46 with volume of 5.53 million shares. First Horizon National Corporation has traded high as $ 9.78 and has cracked $ 9.44 on the downward trend
According to the previous trading day, closing price of $ 9.46, representing a 58.85 % increase from the 52 week low of $ 6.27 and a 42.82 % decrease over the 52 week high of $ 17.42.
The company has a market capital of $ 5.24 billion and is part of the Financial Services sector and Banks – Regional – US industry.
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.